34,349 Shares in Netflix, Inc. $NFLX Acquired by Parr Mcknight Wealth Management Group LLC

Key Points

• Parr Mcknight Wealth Management Group acquired 34,349 Netflix shares in the third quarter, valued at approximately $2.39 million.
• Institutional investors own 80.93% of Netflix shares. Assenagon Asset Management increased its stake by 194.9% during the quarter.
• Netflix beat quarterly earnings-per-share estimates and reported 11.9% year-over-year revenue growth; analysts’ consensus rating is “Moderate Buy,” with an average target price of $89.14.

Parr Mcknight Wealth Management Group LLC acquired a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 34,349 shares of the Internet television network's stock, valued at approximately $2,390,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. purchased a new stake in Netflix in the second quarter worth $24,902,221,000. Bank of New York Mellon Corp purchased a new position in shares of Netflix during the 2nd quarter valued at $1,906,482,000. Legal & General Group Plc purchased a new position in shares of Netflix during the 2nd quarter valued at $1,886,526,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Netflix during the 2nd quarter worth $1,481,303,000. Finally, Assenagon Asset Management S.A. grew its stake in shares of Netflix by 194.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 16,111,438 shares of the Internet television network's stock worth $1,121,034,000 after acquiring an additional 10,647,803 shares during the period. 80.93% of the stock is owned by institutional investors.

Key Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix is rolling out an “AI Discover” tab, beginning with recommendations based on users’ moods. Better content discovery could encourage more viewing and support the company’s advertising ambitions. Article: Netflix's new AI Discover tab helps you find something to watch based on your mood
• Positive Sentiment: Netflix hired former Google executive Darshan Kantak to lead its ads platform, a move that may strengthen its push to grow advertising revenue. Article: Netflix hires Darshan Kantak to lead ads platform
• Neutral Sentiment: Some commentary argues Netflix’s valuation is comparatively low and that continued revenue growth could offer long-term upside. These are investor opinions, not new company guidance or confirmed catalysts. Article: Netflix Trades at a Discount to the S&P 500's Valuation. Is It Deserved?
• Negative Sentiment: Netflix trimmed its 2026 advertising-revenue forecast to about $2.7 billion and flagged softer engagement. The concerns may weigh on expectations for ad growth, even as the company forecasts a 31.5% full-year operating margin. Article: How Investors May Respond To Netflix Lower Ad Revenue Guidance
• Negative Sentiment: Reports say Netflix is cutting roughly 2%–3% of staff at its London hub, following a broader plan to eliminate about 1,000 roles. The restructuring adds to uncertainty about the company’s operations and growth outlook. Article: Netflix cuts UK staff and parts with production head Anna Mallett, report says

Wall Street Analysts Forecast Growth

NFLX has been the subject of several recent research reports. Yorkville Ives began coverage on Netflix in a report on Monday, October 5th. They issued an "in-line" rating and a $75.00 price objective for the company. China Intl Cap raised shares of Netflix to a "strong-buy" rating in a report on Tuesday, July 21st. Guggenheim dropped their price objective on shares of Netflix from $80.00 to $78.00 and set a "buy" rating on the stock in a report on Wednesday, October 21st. UBS Group set a $90.00 target price on shares of Netflix in a research report on Wednesday, October 21st. Finally, Bank of America reduced their target price on shares of Netflix from $105.00 to $90.00 and set a "buy" rating for the company in a research note on Wednesday, October 21st. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Netflix has a consensus rating of "Moderate Buy" and an average target price of $89.14.

Insider Buying and Selling

In other Netflix news, CEO Gregory K. Peters sold 27,312 shares of Netflix stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $73.54, for a total transaction of $2,008,524.48. Following the completion of the transaction, the chief executive officer owned 120,931 shares of the company's stock, valued at $8,893,265.74. The trade was a 18.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard N. Barton sold 720 shares of the company's stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $75.27, for a total value of $54,194.40. Following the sale, the director owned 2,460 shares in the company, valued at approximately $185,164.20. This represents a 22.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 55,980 shares of company stock worth $3,970,756 in the last 90 days. 1.24% of the stock is owned by company insiders.

Netflix Price Performance

Netflix stock opened at $63.42 on Wednesday. Netflix, Inc. has a one year low of $61.39 and a one year high of $116.73. The business has a fifty day moving average price of $72.00 and a 200-day moving average price of $81.31. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $260.42 billion, a P/E ratio of 18.33, a PEG ratio of 0.91 and a beta of 1.62.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Tuesday, October 20th. The Internet television network reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.05. Netflix had a return on equity of 42.69% and a net margin of 29.69%. The company had revenue of $12.87 billion during the quarter, compared to analysts' expectations of $12.87 billion. During the same period in the previous year, the business earned $0.59 earnings per share. The firm's quarterly revenue was up 11.9% compared to the same quarter last year. As a group, equities research analysts forecast that Netflix, Inc. will post 3.59 EPS for the current year.

Netflix Company Profile

Netflix, Inc NASDAQ: NFLX is a global entertainment company that provides subscription-based streaming services. Its platform offers a broad selection of television series, films, documentaries, stand-up specials and other programming, including content produced by Netflix and licensed from third-party studios and creators.

The company also develops and distributes original productions under the Netflix brand and has expanded into additional entertainment offerings, including mobile and cloud-based games in select markets and live programming.

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